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Blockchain Association submits a response to the SEC, rebutting Citadel's opinions on tokenized US stocks and DeFi trading protocols
ME News, on April 7 (UTC+8), the Blockchain Association tweeted that it has filed a response with the U.S. Securities and Exchange Commission (SEC) today, refuting Citadel’s arguments about tokenized U.S. stocks and DeFi trading protocols. The Blockchain Association emphasized that it has pushed for its CEO, Summer Mersinger, to attend the tokenization hearing, and has initiated a tokenization policy workflow. Tokenization is the next stage infrastructure upgrade for capital markets and should not simply be equated with traditional financial intermediaries. The SEC should use existing regulatory tools to support responsible innovation, rather than hindering development. Previously, Citadel said it hopes the SEC will treat the blockchain infrastructure behind tokenized markets as traditional financial intermediaries (of the same nature) and regulate it accordingly. (Source: Foresight News)